<PAGE>
Exhibit 20.1
Page 1 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of June 2000
Distribution Date of July 17, 2000
Servicer Certificate #50
<TABLE>
<S> <C>
Original Pool Amount $459,943,869.53
Beginning Pool Balance $34,536,723.61
Beginning Pool Factor 0.0750890
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $2,788,184.49
Interest Collected $236,898.05
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds / Recoveries $44,269.43
Total Additional Deposits $44,269.43
Repos / Chargeoffs $13,394.69
Aggregate Number of Notes Charged Off 66
Total Available Funds $2,928,411.15
Ending Pool Balance $31,876,085.25
Ending Pool Factor 0.0693043
Servicing Fee $28,780.60
Repayment of Servicer Advances $140,940.82
Reserve Account:
Beginning Balance (see Memo Item) $9,766,975.22
Target Percentage 10.00%
Target Balance $3,187,608.53
Minimum Balance $9,658,821.26
(Release) / Deposit ($108,153.96)
Ending Balance $9,658,821.26
Current Weighted Average APR: 8.804%
Current Weighted Average Remaining Term (months): 9.63
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $409,242.91 331
31 - 60 days $136,972.07 79
60+ days $143,413.88 39
Total: $689,628.86 348
Balances: 60+ days $1,224,327.60 39
Memo Item - Reserve Account
Prior Month $9,658,821.26
+ Invest. Income $52,597.47
+ Excess Serv. $55,556.49
+ Transfer (to) / from Collections Account $0.00
Beginning Balance $9,766,975.22
</TABLE>
<PAGE>
Exhibit 20.1
Page 2 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of June 2000
<TABLE>
<CAPTION>
NOTES
(Money Market)
TOTAL CLASS A - 1 CLASS A - 2 CERTIFICATES
<S> <C> <C> <C> <C>
$459,943,869.53 $92,000,000.00 $347,245,000.00 $20,698,869.53
Original Pool Amount
Distributions:
Distribution Percentages 0.00% 95.50% 4.50%
Coupon 5.250% 6.350% 6.500%
Beginning Pool Balance $34,536,723.61
Ending Pool Balance $31,876,085.25
Collected Principal $2,647,243.67
Collected Interest $236,898.05
Charge - Offs $13,394.69
Liquidation Proceeds / Recoveries $44,269.43
Servicing $28,780.60
Cash Transfer from Reserve Account $0.00
Total Collections Avail for Debt Service $2,899,630.55
Beginning Balance $34,536,723.61 $0.00 $29,105,742.85 $5,430,980.76
Interest Due $183,435.70 $0.00 $154,017.89 $29,417.81
Interest Paid $183,435.70 $0.00 $154,017.89 $29,417.81
Principal Due $2,660,638.36 $0.00 $2,540,909.63 $119,728.73
Principal Paid $2,660,638.36 $0.00 $2,540,909.63 $119,728.73
Ending Balance $31,876,085.25 $0.00 $26,564,833.22 $5,311,252.03
Note / Certificate Pool Factor 0.0000 0.0765 0.2566
(Ending Balance / Original Pool Amount)
Total Distributions $2,844,074.06 $0.00 $2,694,927.52 $149,146.54
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall $0.00 $0.00 $0.00 $0.00
(required from Reserve)
Excess Servicing $55,556.49
(see Memo Item - Reserve Account)
Beginning Reserve Acct Balance $9,766,975.22
(Release) / Draw ($108,153.96)
Ending Reserve Acct Balance $9,658,821.26
</TABLE>
<PAGE>
Exhibit 20.1
Page 3 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of June 2000
Trigger Events:
A) Loss Trigger - Reserve Account Balance
Loss Trigger - Certificate Lockout Event
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
6 5 4 3 2 1
Jan-00 Feb-00 Mar-00 Apr-00 May-00 Jun-00
<S> <C> <C> <C> <C> <C> <C>
Beginning Pool Balance $53,062,544.68 $49,297,540.90 $45,557,777.01 $40,299,291.66 $37,245,897.10 $34,536,723.61
A) Loss Trigger:
Principal of Contracts
Charged Off $25,930.25 $13,739.48 $23,449.13 $69,126.54 $31,464.84 $13,394.69
Recoveries $59,893.79 $80,396.38 $29,849.77 $11,064.22 $87,826.70 $44,269.43
<CAPTION>
Loss Trigger - Reserve Account Balance Loss Trigger - Certificate Lockout Event
<S> <C> <C> <C>
Total Charged Off (Months 5, 4, 3) $106,315.15 Total Charged off (Months 1 - 6) $177,104.93
Total Recoveries (Months 3, 2, 1) $143,160.35 Total Recoveries (Months 1 - 6) $313,300.29
Net Loss / (Recoveries) for 3 Mos ($36,845.20)(a) Net Loss/(Recoveries) for 6 Mos. ($136,195.36)(c)
Total Balance (Months 5, 4, 3) $135,154,609.57 (b) Total Balance (Months 1 - 6) $259,999,774.96 (d)
Loss Ratio Annualized [(a/b) * (12)] -0.3271% Loss Ratio Annualized [(c/d) (12)] -0.6286%
Trigger: Is Ratio > 1.5% No Trigger: Is Ratio > 6.0% No
<CAPTION>
Apr-00 May-00 Jun-00
<S> <C> <C> <C> <C>
B) Delinquency Trigger: $673,059.81 $552,559.14 $1,224,327.60
Balance delinquency 60+ days 1.67015% 1.48354% 3.54500%
As % of Beginning Pool Balance 1.76164% 1.65157% 2.23290%
Three Month Average
Trigger: Is Average > 2.0% Yes
C) Noteholders Percent Trigger: 2.1000%
Ending Reserve Account Balance
not less than 1% of Initial Aggregate
Receivables Balance
Trigger: Is Minimum < 1.0% No
</TABLE>
Navistar Financial Corporation
by: /s/ R. W. Cain
R. W. Cain
Vice President and Treasurer
